ARGAN INC — Director's Dealing 2024

Dec 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2024-12-18

Reporting Person: Watson David Hibbert (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-18	Common Stock	M	12502	$64.25	Acquired	61291	Direct
2024-12-18	Common Stock	S	10000	$146.05	Disposed	51291	Direct
2024-12-18	Common Stock	G	500	—	Disposed	50791	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-18	Option to Purchase Common Stock	$64.25	M	40000	Disposed	2027-04-06	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect

Footnotes

F1: On December 18, 2024, the Reporting Person exercised his stock option awarded on April 6, 2017 to purchase 40,000 shares of the Issuer's common stock at a price of $64.25 per share, using the net settle method.

F2: On December 18, 2024, the Reporting Person sold 10,000 shares of common stock on the open market at an average price of $146.05 per share.

F3: On December 18, 2024, the Reporting Person gifted 500 shares of the Issuer's common stock to the David and Laura Watson Foundation.